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APPENDIX A Homework Unit 1 1. Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were paid

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APPENDIX A Homework Unit 1 1. Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were paid in 2017, how much was net income? Capital Stock Retained Earnings Total Stockholders' Equity a. $62,000 b. $82,000 c. $272,000 d. $252,000 2017 $ 42,000 2016 $40,000 x 210,000 $314,000 $250,000

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